Entertainment World to set up 20 malls

commercial property in india
Entertainment World Developers Pvt Ltd said that it would invest two thousand crore for setting up 20 malls across India under its rent-free revenue sharing concept for emerging brands.

Mr. Manish Kalani, EWDPL Chairman and Managing Director said, “We will invest Rs 2,000 crore for setting up twenty malls spread across 1-million square feet in 11 states and 20 cities by 2011. Around Rs 800 crore will be raised by way of private equity and the remaining will be debt”.

The company will enable manufacturers and emerging brands to showcase their products and brands in all its 20 malls.